This legislation has been repealed.
(1) On the registration of a cooperative, the people who signed the application for registration become members of the cooperative.
(2) Other people may be admitted as members of the cooperative as provided by its rules.
(3) A person under 18 years old may be admitted as a member of the cooperative unless the rules of the cooperative otherwise provide.
(4) A corporation is not disqualified, because of being a corporation, from being a member of a cooperative unless the cooperative's rules otherwise provide.
(5) If 2 or more cooperatives merge, the members of the merged cooperative are—
(a) the members of the merging cooperatives; and
(b) other people admitted as members of the merged cooperative in accordance with its rules.